With $7.1 million in SDTC funds, Spark Microsystems aims to make wireless tech more energy efficient
Spark is among seven Canadian companies that received a cumulative $27.2 million from SDTC.
Funding
Fintech Cadence receives $400,000 government grant to help Québec FinTechs scale
The FinTech incubator says the money will enable it to assist 125 entrepreneurs, startups.
Cognito Health secures $1.1 million for cross-Canada expansion of its mental health offering
Stumped over marketing, Cognito generated a big buzz on Instagram.
Cosm Medical raises $4.7 million CAD for its custom gynecological prosthetics
Cosm wants to change the standard of care for pelvic floor disorders.
Emissions Reduction Alberta commits $50 million for challenge focused on transitioning to low-emissions economy
Applications are open to previously initiated projects that stalled “due to the current economic situation.”
Citylitics closes $6.2 million CAD to help companies spot public infrastructure sales opportunities
After building presence in transportation, Citylitics plans to move into new verticals like power.
CleanBC Industry Fund opens applications for round three of funding
BC aims to reduce emissions as much as removing 130,000 cars from the road.
FutureFit AI raises $5.7 million to scale career navigation platform
JPMorgan Chase, Acumen America co-led the round.
Evok Innovations targets cleantech investments with first close of $300 million USD Fund II
LPs in Fund II include Export Development Canada, RBC, and TD.
With Series A funding, Manifest Climate can scale approach to helping companies see climate change as a strategic issue
The $30 million round will help Manifest reach new markets.
PocketHealth secures $20 million CAD to put medical records in US patients’ pockets
PocketHealth wants to help users access, share, and understand medical imaging.
LayerZero Labs reaches $1 billion valuation in round backed by Sequoia Capital, Andreessen Horowitz
Tom Brady, Justin Timberlake, crypto leaders like Dapper Labs invested in the $135 million round.
Bonsai closes $21 million to scale embedded commerce solution for publishers like BuzzFeed, Vox
CEO says focus on net-new GMV sets Bonsai apart from competition in the checkout field.
With new funding, Athennian hopes to follow in Clio’s unicorn footsteps
The legaltech startup’s backers include Clio’s CEO.
TransPod awaits government consent to secure $688.2 million CAD for proposed high-speed line between Edmonton and Calgary
If Alberta government fails to commit, TransPod’s CEO said he’ll move the project elsewhere.